The American Funds College Enrollment Fund Class 529-A (ticker: CENAX) is a mutual fund designed to help investors save for college expenses. This fund primarily invests in a diversified portfolio of stocks and bonds, with a focus on companies that are expected to benefit from the growth of the education industry. It is classified as a Class A fund, meaning it has a front-end sales charge and a lower expense ratio compared to other share classes. This fund is suitable for investors looking to save for their children's or grandchildren's college education.